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purchased a laptop for Rs.50000 and received one calculator
costing Rs.1000 for free. Both laptop and calculator
(stationery in nature) are meant for office use.What will
be the journal entry in the books of both the parties?
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Answer Posted / d.r. prajapat
for purchers
assets a/c Dr. 50000
To cash/Bank 50000
( being laptop pur.)
Note- calculator cost is not maintand by the purchers
because it is a Free in laptop)
for sellers
cash/bank a/c dr. 50000
To laoptop 50000
Note.Calculator cost for the seller a exp. so its cost
including in laptop cost.so its like a exp. for seller
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